Skip to main content

ASU Electronic Theses and Dissertations


This collection includes most of the ASU Theses and Dissertations from 2011 to present. ASU Theses and Dissertations are available in downloadable PDF format; however, a small percentage of items are under embargo. Information about the dissertations/theses includes degree information, committee members, an abstract, supporting data or media.

In addition to the electronic theses found in the ASU Digital Repository, ASU Theses and Dissertations can be found in the ASU Library Catalog.

Dissertations and Theses granted by Arizona State University are archived and made available through a joint effort of the ASU Graduate College and the ASU Libraries. For more information or questions about this collection contact or visit the Digital Repository ETD Library Guide or contact the ASU Graduate College at gradformat@asu.edu.


Language
  • Chinese
Date Range
2012 2019


This paper describes six representative works by twentieth-century Chinese composers: Jian-Zhong Wang, Er-Yao Lin, Yi-Qiang Sun, Pei-Xun Chen, Ying-Hai Li, and Yi Chen, which are recorded by the author on the CD. The six pieces selected for the CD all exemplify traits of Nationalism, with or without Western influences. Of the six works on the CD, two are transcriptions of the Han Chinese folk-like songs, one is a composition in the style of the Uyghur folk music, two are transcriptions of traditional Chinese instrumental music dating back to the eighteenth century, and one is an original composition in a contemporary …

Contributors
Luo, Yali, Hamilton, Robert, Campbell, Andrew, et al.
Created Date
2012

As robots are increasingly migrating out of factories and research laboratories and into our everyday lives, they should move and act in environments designed for humans. For this reason, the need of anthropomorphic movements is of utmost importance. The objective of this thesis is to solve the inverse kinematics problem of redundant robot arms that results to anthropomorphic configurations. The swivel angle of the elbow was used as a human arm motion parameter for the robot arm to mimic. The swivel angle is defined as the rotation angle of the plane defined by the upper and lower arm around a …

Contributors
Wang, Yuting, Artemiadis, Panagiotis, Mignolet, Marc, et al.
Created Date
2013

State-owned Enterprises (SOE) in China were described as Government Business Enterprises (GBE) in planned economy time. Not only as investor and owner, but also manager, government at that time was an all-powerful role in GBE. All factors of production, such as money, raw materials, production, sell, human affairs, were all decided by administrative orders. After reform and opening up, especially since 90s of last century, some related laws, including The Companies Act, were gradually promulgated and carried out, State-owned Enterprises have been found fairly like modern enterprises in appearance, but observe carefully, you will find that with the growing up …

Contributors
Shi, Lei, Hwang, Yuhchang, Chang, Chun, et al.
Created Date
2015

The Chinese capital market is characterized by high segmentation due to governmental regulations. In this thesis I investigate both the causes and consequences of this market segmentations. Specifically, I address the following questions: (1) to which degree this capital market segmentation is caused by the fragmented regulations in China, (2) what are the key characteristics of this market segmentation, and (3) what are the impacts of this market segmentation on capital costs and resources allocations. Answers to these questions can have important implications for Chinese policy makers to improve capital market regulatory coordination and efficiency. I organize this thesis as …

Contributors
Jia, Shaojun, Hwang, Yuhchang, Chen, Hong, et al.
Created Date
2015

Using historical data from the third-party payment acquiring industry, I develop a statistical model to predict the probability of fraudulent transactions by the merchants. The model consists of two levels of analysis – the first focuses on fraud detection at the store level, and the second focuses on fraud detection at the merchant level by aggregating store level data to the merchant level for merchants with multiple stores. My purpose is to put the model into business operations, helping to identify fraudulent merchants at the time of transactions and thus mitigate the risk exposure of the payment acquiring businesses. The …

Contributors
Zhou, Ye, Chen, Hong, Gu, Bin, et al.
Created Date
2015

This thesis starts with an analysis of the current situation of the pharmaceutical industry in China, and discusses the strategic mergers and acquisitions (M&A) by small and medium-sized enterprises (SMEs) in the pharmaceutical industry in China. It elaborates on the rationale for the development of the mergers and acquisitions of the pharmaceutical SMEs. Then a literature review is provided on the causes of corporate mergers and acquisitions such as the economies of scale, synergistic effect, transaction costs, market power, and strategic diversification.Next,the thesis analyzes the underlying rationale for the M&A transactions in the pharmaceutical industry in China, and explores the …

Contributors
Zhou, Yan, Pei, Ker-Wei, Chen, Hong, et al.
Created Date
2015

Although China’s economy has experienced fast growth over the years, it is also characterized by a lack of innovative products and slow development of advanced production technologies. A main reason for this problem is insufficient investments in research and development (R&D) activities by Chinese firms. Because of the potential externality and free-rider effects, the economics literature has long suggested that the private sector tends to underinvest in R&D without governmental interventions. The weak protection of intellectual property rights in China makes the problem of underinvestment in R&D even worse. In this situation, it becomes increasingly important for the government to …

Contributors
Yang, Guisheng, Hwang, Yuhchang, Wang, Tan, et al.
Created Date
2015

Financing lease has bloomed as a new financing tool in China for the last several years. In this thesis I investigate the factors that influence China’s automobile financial leasing decisions by both lessors and lessees through market surveys. Based on Probit regression analysis of the data collected from 250 companies and 300 individuals, I find that a firm is more likely to use automobile financial leasing when its corporate tax rate is lower, growth potential is more stabilized, and profit is higher. It is also more likely to happen when a firm's long-term debt ratio and its degree of internationalization …

Contributors
Lin, Zhen, Zhang, Anming, Pei, Ker-Wei, et al.
Created Date
2015

In accordance with the Principal Agent Theory, Property Right Theory, Incentive Theory, and Human Capital Theory, firms face agency problems due to “separation of ownership and management”, which call for effective corporate governance. Ownership structure is a core element of the corporate governance. The differences in ownership structures thus may result in differential incentives in governance through the selection of senior management and in the design of senior management compensation system. This thesis investigates four firms with four different types of ownership structures: a public listed firm with the controlling interest by the state, a public listed firm with a …

Contributors
Gao, Shenghua, Pei, Ker-Wei, Li, Feng, et al.
Created Date
2015

Accompanying with the development of economy system and the completion of legal framework, Chinese domestic PE industry not only transfused vigor and vividness to capital market, but also generated contribution to substantial economy with a rapid pace in recent decades. Depending on the first move advantage and an affinity with Chinese government, PE industry initially was led by state-owned enterprises. However, these non-market-oriented PE institutions confronted challenge from the perspective of culture, structure and mechanism and crises of outflow of human capital and lacking capability of sustainable development while private section and foreign capital enter the market. Based on the …

Contributors
Chen, Zhihai, Wang, Tan, Hwang, Yuhchang, et al.
Created Date
2015

This study investigates three issues that are relevant for the development of multinational investment banks in China. The first is about the domestic market conditions that are necessary for a country to develop multinational investment banks. The second issue is about the degree to which China has met these conditions. The last issue focuses on the potential strategies Chinese investment banks can undertake to become multinational corporations. To address the first issue, I draw an important distinction between international investment banks and multinational investment banks. For an international investment bank to be regarded as a multinational, I propose that it …

Contributors
Liu, Xin, Chang, Chun, Shen, Wei, et al.
Created Date
2015

The current study combines field study, survey study, and public financial reports, and conducts an in-depths comprehensive study of the cost of the global tire industry. By comparing the price and the total cost structure of standardized tire products, we investigate Chinese tire industry’s global competitiveness, especially in light of China’s fast increasing labor cost. By constructing a comprehensive cost index (CCI), this dissertation estimates the evolution and forecasts the trend of global tire industry’s cost structure. Based on our empirical analysis, we provide various recommendations for Chinese tire manufacturers, other manufacturing industries, and foreign trade policy makers. Dissertation/Thesis

Contributors
Zhang, Ning, Zhu, Ning, Shen, Wei, et al.
Created Date
2015

In this study I investigate the organizational strategies that Chinese power generation companies may use to reduce the impact of coal price increases on their profits. Organizations are open systems in that no organization possesses all the resources that it needs and all organizations must obtain resources from their external environments in order to survive. Resource dependent theory suggests that the most important goal of an organization is to find effective mechanisms to cope with its dependence on the external environments for resources that are critical to its survival. Chinese power generation companies traditionally rely heavily on coal as their …

Contributors
Sun, Min, Shen, Wei, Liu, Jun, et al.
Created Date
2015

There has been much debate in the world of academia over the valuation of conglomerates. This thesis proposes the use of the EVA theory in explaining fluctuations in conglomerates’ valuation, and we believe that ROIC, WACC, and ROIC-WACC are three indicators that to a certain extent explain these valuation fluctuations. Through analysis of a sample containing 23 conglomerates, this thesis finds that ROIC, WACC, and ROIC-WACC exhibit positive correlation with valuation fluctuations. In the case study on Fosun, this thesis finds that ROIC-WACC is highly correlated with Fosun’s valuation fluctuations and next with ROIC. Thus this thesis conjectures that for …

Contributors
Liang, Xinjun, Chen, Hong, Pei, Ker-Wei, et al.
Created Date
2015

In this study I investigate the organizational mechanisms (pathways) through which strategic investors can help a firm improve performance. Many commercial banks in China have recently invited foreign banks as strategic investors since China’s entry into the World Trade Organization (WTO), hoping to gain managerial and technological knowhow from the foreign banks. Using Shanghai Pudong Development Bank as a representative example, I conduct an in-depth qualitative analysis about how the joining of Citi Bank as a strategic investor has helped the local Chinese bank improve its financial performance. On the basis of a comprehensive review of the relevant literature, I …

Contributors
Liu, Xinyi, Pei, Ker-Wei, Chen, Hong, et al.
Created Date
2015

With years of continuous Chinese economic growth and accelerating aging population, better serving the changing demands in wealth management has become the new market development directions. As evidenced in international experiences, the embedded nature of privacy and isolation of managed assets in the trust business have demonstrated built-in consistency with the needs of high-end wealth management and inheritance; hence, trust has become a very fitting vehicle for wealth management. By 2014, total assets under trust management have reached RMB14trillion. However, there is as yet a massive gap between the current service levels received by high net worth individuals and their …

Contributors
Zhao, Nuan, Wang, Jiang, Gu, Bin, et al.
Created Date
2015

The key chanllenge for Small and Micro Enterprises (SMEs) to get credit or loans is the fact that traditional financing business model in commercial banks cannot meet SMEs’ financial needs. Through extensive theoretical research, market analysis especially on SMEs’ behavioral characteristics and demands, serveral case studies on market-leading banks such as Wells Fargo and KASIKORN BANK, and the actual implementation experiences in China Minsheng Bank and Pingan Bank, this article proposes a new business model for servicing SMEs for commercial banks in China, which includes the principle and rationale of the business model, the technical foundation, business process and organizational …

Contributors
Zhao, Jichen, Chen, Hong, Pei, Ker-Wei, et al.
Created Date
2015

In this study I investigate the factors that may influence consumer preference and choice in China’s home interior decoration industry. With the fast development of information technology such as the internet in China, it becomes increasingly important to have a more precise understanding of consumer preference and choice in home interior decoration decisions so that companies in this industry can provide better services to meet customer needs. Using survey data from a sample of potential customers and a sample of existing customers of a large home interior decoration company, I find that (1) internet has become the mostly used channel …

Contributors
Yang, Jin, Shen, Wei, Zhang, Anmin, et al.
Created Date
2015

In this thesis I examine the opportunities and challenges faced by the community banks in China. Rooted in the local communities, community banks generally focus on serving the local residents, farmers, and micro and small business enterprises (MSBE) through relationship building. Although community banks tend to be small relative to the other financial institutions, their unique market positions and business strategies have helped them to survive the competition and secure some market shares. Thus, it is important to understand the business strategies of community banks and to explore their future business opportunities and challenges. I first provide a brief overview …

Contributors
Hou, Funing, Li, Feng, Wang, Jiang, et al.
Created Date
2015

The city of Shanghai is set to become an international financial center (IFC) by 2020. To achieve this goal, it is imperative to clearly define the key characteristics of an IFC. In this study I draw from recent research on the ranking of IFCs to develop an index of these key characteristics that can be used to assess a city’s standings as an IFC. Based on a review of prior research, I first put together a comprehensive list of the indicators that have been used to evaluate IFCs, which includes six first-level indicators and 34 second-level indicators. I then collect …

Contributors
Wang, Weiren, Yao, David, Gu, Bin, et al.
Created Date
2015

In the last two years, China’s booming of Internet Finance Platform made significant impacts on three dimensions. Compared with the conventional market, Internet Finance is asserted to open a revolutionary pathway of lending where by small and mid-sized companies may overcome the financing dilemma on credit accessibility and high cost. In other words, Internet Finance is hyped to be able to reduce information asymmetry, enhance allocation efficiency of resources, and promote product and process innovations for the financial institutions. However, the core essence of Internet Finance rests on risk assessment and control – a fundamental element applies to all forms …

Contributors
Zhang, Qi, Pei, Ker-Wei, Gu, Bin, et al.
Created Date
2016

With the rapid rise of distributed generation, Internet of Things, and mobile Internet, both U.S. and European smart home manufacturers have developed energy management solutions for individual usage. These applications help people manage their energy consumption more efficiently. Domestic manufacturers have also launched similar products. This paper focuses on the factors influencing Energy Management Behaviour (EMB) at the individual level. By reviewing academic literature, conducting surveys in Beijing, Shanghai and Guangzhou, the author builds an integrated behavioural energy management model of the Chinese energy consumers. This paper takes the vague term of EMB and redefines it as a function of …

Contributors
Fan, Yanfeng, Gu, Bin, Chen, Hong, et al.
Created Date
2016

Executive compensation design involving equity shares has been widely used in Europe, the United States and other developed countries where the capital markets are relatively mature. In China, due to the differences in industries, ownership structure, stages of enterprise development, constraints faced by the firms, the executive compensation design using equity shares tends to vary accordingly. For the state-owned companies, the situations are more complex than others. This complexity has not been a focus of the past literature, particularly on the compensation contract design and its subsequent implementation. Based on Coase contract theorem, agency theory and human capital theory, I …

Contributors
An, Hongjun, Pei, Ker-Wei, Chen, Hong, et al.
Created Date
2016

This study seeks to develop a framework that can help firms in China’s guarantee industry to better identify and prevent risk when they offer guarantee services to small and medium-sized enterprises (SME). With the continuously increasing demands of SME financing, the guarantee industry has developed rapidly in China. Meanwhile, the turmoil in global financial markets and the significant slowdown of global economy have started to have a negative impact on China’s economy, increasing the risk exposure of China’s guarantee industry. In this context, risk identification and prevention becomes the core competence of a guarantee company. Based on a review of …

Contributors
Wu, Daorong, Shen, Wei, Liu, Jun, et al.
Created Date
2016

This thesis aims to investigate the impacts of foreign banks’ management model on their degree of localization and operating efficiency. I decompose their management model into five major factors, including two formative factors and three reflective factors. The two formative factors are (1) strategic orientation and (2) target customers, and the three reflective factors are (1) top management team composition, (2) organizational structure, and (3) managerial authority and incentives. I propose that the formative factors influence foreign banks’ degree of localization, as demonstrated by the reflective factors, which subsequently influence foreign banks’ operating efficiency in China. To test the above …

Contributors
Sun, Minjie, Shen, Wei, Qian, Jun, et al.
Created Date
2016

Ever since the registration of private banks was deregulated in Taiwan in 1991, the sector has suffered significant decline in profitability. Facing such a dynamic sector yet vital to domestic economy, what should the banks do to successfully improve their competiveness? As external changes are often unpredictable, the exploration and buildup of internal resources is a critical approach. This article focuses on how to effectively manage internal competition so as to upgrade business performance and accomplish organizational goals. This article discusses the effects of the compensation system and employee incentives on business performance in banking in two areas. First of …

Contributors
Ming, Cheng, Lee, Peggy, Chen, Hong, et al.
Created Date
2016

The traditional newspaper industry has been under tremendous pressure in recent years due to the emergence and growth of new media. Experiencing of a fast-shrinking market share, many traditional newspaper companies are either pushed out of business or are forced to innovate and reform. In this thesis, I investigate the organizational changes at one of the largest newspaper groups in China, particularly regarding its incentive systems as the group adjusts its business scopes under both internal and external institutional constraints. Publishers of newspapers were traditionally considered non-profit organizations or social institutions in China. Because of their focus on social goals, …

Contributors
Qiu, Xin, Shen, Wei, Hwang, Yuhchang, et al.
Created Date
2016

This thesis investigates whether mergers and acquisitions (M&As) help increase the competitive advantage and core competency of Chinese securities companies. Although M&As among Chinese securities companies were almost exclusively guided by the Chinese government in the earlier years, they have increasingly become more market-driven in recent years. Many large Chinese securities companies have engaged in horizontal mergers, cross-industry mergers, and cross-border mergers to increase their market positions. However, there is little up-to-date evidence about how these market-driven M&As influence the competitive advantage and core competency of securities companies in China. I seek to fill this gap by conducting a systematic …

Contributors
Wang, Lijuan, Shen, Wei, Qian, Jun, et al.
Created Date
2016

During the past decade, the Chinese bond market has been rapidly developing. The percentage of bond to total social funding is constantly increasing. The structure and behavior of investors are crucial to the construction of China’s bond market. Due to specific credit risks, bond market regulation usually involves in rules to control investor adequancy. It is heatedly discussed among academia and regulators about whether individual investors are adequate to directly participate in bond trading. This paper focuses on the comparison between individual and institutional bond investors, especially their returns and risks. Based on the comparison, this paper provides constructive suggestions …

Contributors
Liu, Shaotong, Gu, Bin, Zhu, Ning, et al.
Created Date
2016

Given the "New Nine Measures" for capital market reform, a policy document issued by the State Council of China, the development of markets for interest rate derivatives, such as treasury futures, becomes an increasingly important task. Several shortcomings of the existing treasury futures market have been noted: including low market liquidity, singular investor composition, restrict contract terms, and low hedging demand. This study contributes to a better understanding of the treasury futures market by analyzing changes in China treasury futures market regulations and their impact on market liquidity of treasury futures. Found that compared with the mature market, China treasury …

Contributors
Ma, Jun, Gu, Bin, Chen, Hong, et al.
Created Date
2016

Informal finance in this paper refers to the financing activities of individuals or households to borrow money through channels other than formal financial institutions such as commercial banks. Using data from China Household Finance Survey (CHFS) conducted by Southwestern University of Finance and Economics (SWUFE) and the People's Bank of China, this paper employs Probit model to analyze the factors that may influence the financing needs of Chinese households and factors that influence their likelihood of obtaining loans from formal financial institutions versus from informal channels. Results show that household wealth, family structure, and household head’s characteristics are the major …

Contributors
Zhang, Linchao, Shen, Wei, Chen, Xiaoping, et al.
Created Date
2016

This paper studies the dynamic relationship between the pricing of Alternative Asset Management products and macroeconomic variables. It does so using an index of Alternative Asset Management products, employing a VAR framework and examining the implied impulse response functions. I find a bivariate causal relation between the expected rate of return on Alternative Asset Management products and the growth rate of industrial value added. I also find that the CPI, the yield on one-year national debt, the weighted average yield of bond repurchases in interbank bond market, and the one-year loan interest rate can influence the expected return rate of …

Contributors
Huang, Jianxian, Wahal, Sunil, Chang, Chun, et al.
Created Date
2016

It is important and with significant practical value to study how positioning may help enhance a company’s brand value and improve a company’s profitability. It is especially essential to find suitable solution to help Chinese enterprises appropriately position their brands, evaluate brand value, and adopt suitable positioning strategy. The purpose of this paper is to clarify the impact of positioning on brand value through several case studies and empirical research, and to establish the relationship between positioning and brand value. At the same time, through determination of research topics and conduction of field studies, the paper ultimately verified the relationship …

Contributors
Guo, Min, Pei, Ker-Wei, Cui, Haitao, et al.
Created Date
2016

The discussion on the question of integrity has a long history. It is regarded as an important research proposition in the fields of Chinese and Western philosophy, law, sociology, ethics, management and economics. Even though the research results are combined with each other for reference, there is still a lack of comprehensive analysis and empirical study on integrity. In the process of transition from planned economy to market economy, a series of problems have arisen. The problem of dishonesty has caused huge losses to the society as a whole. Therefore, it is of great theoretical and practical importance to conduct …

Contributors
Wang, Weiming, Gu, Bin, Qian, Jun, et al.
Created Date
2017

China's city commercial banks were reorganized by the urban credit cooperatives in the same city in the 1990s. Although they are allowed to open branches outside the registered city, the location and the number of their branches have been strictly restricted. It is fatal to them to increase the competitiveness of their branches. Based on the diversity theory and its mechanism, in this study I examined the impact of source diversity of the senior management in the branches of the city commercial bank on the branches’ productivity and their asset yield. Invoking the resource-based theory and the social capital framework, …

Contributors
Zhang, Xiande, Gu, Bin, Wang, Tan, et al.
Created Date
2017

After the 2008 financial crisis, along with information technology and its application innovation into the burst period, Shared faster economic growth, and then entered into a rapid expansion in 2014, quickly penetrate into many areas and market segments. As the securities industry practitioners and Internet financial practitioners, I am very concerned about sharing economic model in the development of securities investment niche. As the Internet and mobile penetration rate rise in recent years, the Internet financial in the rapid development of our country, investors get used for investment decision-making information via the Internet. Internet social investment sharing platform based on …

Contributors
Ma, Gang, Gu, Bin, Yan, Hong, et al.
Created Date
2017

Affected by the macro environment factors, such as economic growth rate of decline, China's real estate market net profit growth rate decline gradually. With the central limit of limited loans and a series of sound policy introduced, the real estate market is gradually showing signs of stabilizing, the industry overall revenue increase, but the profit rate began to decline, how to improve the performance of enterprises to profit growth, has become a practical problem enterprises must face. Through theoretical research and case analysis, research management innovation impact on business performance. Effect of Zhong’an real estate marketing partner and business partner …

Contributors
Shi, Zhongan, Hwang, Yuh-Chang, Qian, Jun, et al.
Created Date
2017

How to play the advantages of network loan platform to reduce the financing costs of net loan platform both in theory and practice has important significance. In this paper, we use the method of qualitative and quantitative combination. First of all, through the interview of the net loan platform practitioners, the financing cost of the net loan platform comes from the internal and external parts. Part of the network loan platform should be righteous, but counterproductive human and material costs, credit costs, information efficiency, transaction costs and matching costs; part of the emerging industry as a challenge, compliance costs, technical …

Contributors
Ren, Junxia, Gu, Bin, Chang, Chun, et al.
Created Date
2017

This article can be divided into six parts. The first chapter analyzes the background, theatrical and particle reasons of this research. The author argues that the management of law firm needs a set of good system. The first one is operating the law firm in scale, and the other on is corporate management model, which shall be constructed in detail in the paper and will be put into practice by the law firm in which the author is worked. The second chapter will introduce modern management theory, combining the situation of management in our law firm to analyze, raising some …

Contributors
Zhu, Ping, Gu, Bin, Chang, Chun, et al.
Created Date
2017

This dissertation focuses on risk prevention and regulatory issues of financial asset trading platforms, exploring the composition of a financial asset trading platform and its risks, formulating the general framework of platform risk prevention and regulation, and discussing the methodologies for monitoring and managing the risk of financial assets trading platform. The dissertation is divided into eight chapters. The first chapter is the introduction, which discusses the current status in this research field, the motivation and significance of the research topic. The second chapter discusses the transaction cost theory, information asymmetry theory, financial risk management theory, financial supervision theory and …

Contributors
Xu, Chaojun, Hwang, Yuhchang, Yan, Hong, et al.
Created Date
2017

Since the 2008 financial crisis, the total assets managed by U.S. mutual funds have frequently hit new highs and the industry has become increasingly concentrated. In the meantime, two strategies have emerged in the American mutual fund industry: active and passive management. What factors affect the market shares of firms that adopted these two different strategies? Building on strategic management theories, I suggest that mutual fund families that adopted active and passive management strategies tend to compete in different dimensions. Active management fund families tend to implement the product differentiation strategy, competing on “product quality” through excess-returns, innovative and differentiated …

Contributors
Liu, Jianping, Zhu, Hongquan, Chang, Chun, et al.
Created Date
2018

The emergence and fast growth of shared workspaces have attracted increasing attention from investors, practitioners, and researchers. Overall, this industry is still at an early stage of development and the business models of shared workspace providers are still evolving. To enhance the understanding of the different business models adopted by the leading shared workspace providers, I conduct an in-depth qualitative analysis of three current market leaders - Regus, WeWork, and UrWork – using the Business Model Canvas proposed by Osterwalder (2008). My analysis suggests that shared workspace providers creates value by offering three tiers of services: (1) satisfying users’ needs …

Contributors
He, Chi, Shen, Wei, Chen, Xinlei, et al.
Created Date
2018

As securities companies occupy an increasingly important position in the national economy, and the most valuable competitive advantage for whom is human resources; therefore, Security Industry practitioners pay close attention to the influences of securities companies' incentive mechanisms regarding to various business types. This paper finds that asymmetry of information in business models is the motivation of the gaming for all participants, through analyzing the differences of various business models of securities brokerage services. Further, various incentive mechanisms under different circumstances result in diverse strategies of gaming. It varies development paths of securities companies. Therefore, the purpose of the paper …

Contributors
Zhang, Xiangdong, Pei, Ker-Wei, Li, Feng, et al.
Created Date
2018

With regard to business modules in Chinese delivery services companies, there has long been a heated debate on whether franchising or direct management is the better module for Chinese market. But most prior discussion was lightweight, unconvincing and without any theoretical framework. This research examines three major management problems in Chinese delivery services: 1. The reason for choosing franchising module, 2. The relationship between franchising module and implementation of the product, 3. The functions of IT in delivery services. By reviewing theories on enterprise boundary and summarizing the six features of franchising contracts in Chinese delivery business as well as …

Contributors
Yang, Zhoulong, Pei, Ker-Wei, Zhang, Anmin, et al.
Created Date
2018

Although margin trading has significant impacts on the stock market, extant research has mainly focused on its effect on stock price volatility and has rarely examined its influence on the rate of returns. In addition, little systematic research has examined the differential effects of margin trading under different circumstances. This thesis examines the effects of margin trading in bull market, bear market, balanced market and among stocks included in main board, SMEs(small and medium-sized enterprises) board, GEM(growth enterprises board), as well as large-cap and small-cap in China. I further studied the long-, medium-, and short-term influences of margin trading on …

Contributors
Shi, Wenqing, Zhu, Hongquan, Yan, Hong, et al.
Created Date
2018

Mergers and acquisitions (M&As) have been playing a very significant role in the capital market. Many companies regard mergers and acquisitions as an important way for their business expansion and transformation. This paper begins with a review of literature on firm’s motivations of and outcomes in M&A, and followed by a critical examination of three case studies of actual M&A transactions based on the insights provided from the literature review. For each case study, a firm’s motivations and related managerial initiatives for M&A activities were examined, followed by an assessment of the firm’s post M&A performance results. This allows the …

Contributors
Yang, Zhibo, Pei, Ker-Wei, Qian, Jun, et al.
Created Date
2018

Due to the booming young mothers and fathers in the new era as well as the changes in the concept of parenting and the favorable liberalization of China's second child policy, the maternal-baby nursing market continues to grow, and it has become a must for businesses nowadays. In 2020, the size of the maternal-baby nursing market will reach 3.6 trillion. (Data: Yibang Power China's Maternal and Child Industry White Paper 2017). The rapid development of mobile Internet, highly transparent information, consumers grasp the sovereignty, along with the rise of the middle class, consumption increase encouraged personalized, customized needs. The boundaries …

Contributors
Wang, Jianguo, Gu, Bin, Chen, Hong, et al.
Created Date
2018

Chinese commercial banks have experienced a period of fast and stable development since 2007. The adoption of a comprehensive enterprise risk management (ERM) system based on the Basel Accords was a significant event for the banking supervisory authority and the commercial banks during this period. This study investigates the impact of ERM adoption on the financial performance of the commercial banks as well as the underlying mechanisms using longitudinal data of 96 commercial banks from 2007 to 2016. Results from quantitative analyses suggest the following findings. First, ERM adoption had a positive impact on commercial banks’ financial performance after controlling …

Contributors
Jia, Guoqing, Shen, Wei, Qian, Jun, et al.
Created Date
2018

This study examines the 3 key questions of media budget allocation, to find our a better invest model. Including spending share of traditional media and digital media, program selection strategy and duration mix optimization to analyse the trend of sample A (a global cosmetic brand) . Based on every test media campaign, we do research of media performance and sales volumn, add youth consumer behavior result, to develop a media investment ROI model for this brand. Create the evaluation system according to past big data and find the learnings of different length TVC usage. Of course all relavant findings and …

Contributors
Xu, Jin, Gu, Bin, Chen, Xinlei, et al.
Created Date
2018

Private placement is an important financing tool for listed companies in China, and the lock-up arrangement is its supporting system. The Efficient Market Hypothesis suggests that, if investor expectations are unbiased, there will be no abnormal fluctuations in the stock prices of listed companies before and after the unlocking day. However, around the time of the unlocking of private placement shares, the stock prices generally show a V-shaped pattern. Through the empirical analysis of the Chinese A-share stocks from May 8th,2006 to December 31st, 2016, I found that from the 40th day before the unlocking day to the 90th day …

Contributors
Zhang, Hongwei, Zhu, Hongquan, Yan, Hong, et al.
Created Date
2018

Under the background of the "new normal" of China's economy and the contraction of traditional financial sector, the development of Internet finance provides new financing channels for SMEs and individual financial needs. But with rapid development of the Internet finance, the overall risk also appears gradually as well as the platform differentiation appears more evidently. China's Internet financial industry enters the stage of standardization development. In order to effectively prevent and resolve Internet financial risks and create a good internet financial environment, we need to identify the risk factors of Internet financial industry. Through reference carding of the existing literature, …

Contributors
Sheng, Yuxin, Gu, Bin, Zhang, Anmin, et al.
Created Date
2018

Valuation adjustment mechanism has been widely applied in acquisitions of listed companies in China today, and is usually agreed upon future financial performance indicators of acquired companies (mostly net income). This paper examines how changes of key contents of VAM agreement affect firms’ ability to meet performance commitments from the perspective of incentive effects. Empirical results show that as the performance goals set in VAM agreement becomes higher, the incentive for management to meet performance commitments will initially increase and then decrease, so that the ratio of actual profits to promised profits for target firms will reach peak at some …

Contributors
Wang, Yixin, Gu, Bin, Yu, Xiaoyun, et al.
Created Date
2018

As an alternative to the traditional public transportation system, (urban) rail transit has many advantages such as large capacity, fast speed, tight schedule, safety and comfort, and punctuality, , and has gradually become a top choice of many cities in countering environmental pollution and optimizing traffic quality. At the same time, we must also see that huge amounts of capital are required for the construction of rail transit. The traditional reliance on government investment clearly has its own limitations. The investment not only has a long cost-recovery cycle and a low rate of return, but also hardly attracts investments from …

Contributors
Hu, Huihua, Gu, Bin, Zhang, Anmin, et al.
Created Date
2018

Health is among the most basic needs of the people and driving force of social and economic development. The health nutrition & wellness industry is gradually becoming a global sunrise industry . However, the industry is faced many problems and challenges including weaknesses in the industry structure, fragmentations of supply chain, low efficiency in resources allocation, and lacking in quality on personnel training. To achieve core competitiveness and value creation, it is important that the health nutrition & wellness industry must meet the needs of Chinese market and its customers with a customer centric perspective to design a firm’s organization …

Contributors
Gong, Binghui, Pei, Ker-Wei, Cui, Haitao, et al.
Created Date
2018

This study investigates the impact of a specific organizational form – partnership – on employees’ awareness of risk control and job engagement in securities companies. Given that their organizational performance relies heavily on the performance of individual employees, it is critical for securities companies in China to adopt appropriate organizational forms so that they can better captalize on their employees’ human capital to cope with the increasingly intense market competition. Partnership, as one of the few organizational forms, has been widely adopted in industries that rely on the performance of individuals, such as law, auditing, consulting, and investment banking, around …

Contributors
Sha, Changming, Shen, Wei, Li, Feng, et al.
Created Date
2018

随着社会经济发展,人们生活水平提高,红木市场不断发展壮大。但红木市场中存在 原材料无法认证、加工工艺无法辨别、产品价格混乱的现象,成为我国红木市场三大痛 点。能否解决红木市场这三大痛点,成为未来红木行业能否健康顺利发展的关键因素。 针对红木行业存在的问题,本文应用市场交易效率理论、信息不对称理论、金融市场 微观结构理论对红木市场做理论梳理,通过实地调研获取红木企业发展现状、厘清传统红 木交易流程和各交易环节中存在的问题,尝试在信息不对称理论的框架下对行业和典型企 业进行分析,将红木市场的交易要素进行序列梳理,重构市场组织和流程再造,创造性地 利用现代的互联网技术,把涉及的非标准的市场要素进行标准化设计,使其成为可交易的 标准化标的产品,并在设计可操作性的红木交易平台上进行交易,从而解决现有红木市场 中信息不对称导致的市场交易效率低下问题。本文一共分为十一章,第一到第五章为绪论、理论研究和研究综述。主要根据市场交 易效率理论、信息不对称理论和金融市场微观结构理论,引出建立红木交易市场,从而为 后续红木交易市场的设计奠定理论基础。第五章,对红木产业及其市场的要素进行信息解 析,为后面的非标准的市场要素进行标准化设计提供依据。第六、第七章,主要对红木交 易市场的信息不对称现状、红木交易市场交易效率进行分析。第八、第九章,主要基于信 息对称条件下的交易要素标准化设计和交易架构设计。第十章,主要通过对实际数据抓 取,对红木交易平台的有效性进行实证对比验证。第十一章是本文的结论和建议。 由于红木交易平台的设计是弥补大宗交易的空白,特别是红木交易市场要素的非标 准化,给标准化交易架构的设计带来一定难度。红木交易平台未来运营与发展中可能会遇 到很多风险,特别是投资者资格认证、交易涉众等社会问题,本文限于篇幅没有进行研 究,留待今后实践中不断总结和修正。 Dissertation/Thesis

Contributors
Chiu, Yung, Pei, Ker-Wei, Qian, Jun, et al.
Created Date
2018

最近几十年对高管人员个人特征的研究成为组织战略决策领域的重要议题,但其中对 于高管人员的心理感受却几乎从未触及。心理学研究表明,心理感受会很大程度上影响人 的行为。荣耀感,作为最主要的一种与自我意识相关的心理感受,对于工作行为和结果的 影响都非常大。因而,研究企业高管的荣耀感,对理解和预测他们的行为,进而对预测其 个人意志扮演重要角色的公司战略决策有显著意义。 本论文对企业高管的荣耀感进行了系统研究。通过两个研究,中国企业高管的问卷 调查数据,回答了两个问题:1. 企业高管工作荣耀感的内涵是什么?2. 企业高管荣耀感 的高低如何影响其在公司中的战略决策。具体而言,通过 6 人深度访谈和 50 人的开放式 问题问卷的定性研究提炼了企业高管荣耀感的双维度模型,即世俗荣耀感和神圣荣耀感, 202 名企业高管样本的问卷开发了信度和效度达标的两种荣耀感的测量量表(研究一); 运用 159 名企业高管的问卷数据(研究二)检验了有关两种荣耀感影响公司战略变革意愿 和行为,以及社会创新的不同作用及其边界条件的理论模型和假设。 本研究的主要结论是: 1. 企业高管的世俗荣耀感和神圣荣耀感均正向影响企业战略主动性、战略变革,以 及社会创新战略,其中神圣荣耀感相比世俗荣耀感,对于公司社会创新战略的影响效应更 大;2.企业高管神圣的荣耀感,相比世俗荣耀刚对公司战略主动性的积极作用,受到其感 知到的基于政策环境变化的心理契约违背的影响更大,而世俗的荣耀感,相比神圣荣耀感 对公司社会创新的正向作用,受到其感知到的基于政策环境变化的心理契约违背的影响更 大。 本论文对战略领导力的研究做出了重要贡献。战略管理研究越来越多地关注人的因 素,尤其是企业高管对企业决策、行为以及绩效的影响,但以往对高阶的研究都集中在对 高管人员认知、背景及经验的探讨,本论文首次聚焦于高管人员的情感体验,通过强调高 管人员的荣耀感对组织战略决策的重要性,本研究大大地扩展了战略领导的研究范畴。 论文从心理学的视角出发,首次从内容和来源视角区分荣耀感的两种类型,对原先 从表现形式(momentary experiences and chronic dispositional tendencies)对荣耀感的 分类是个补充,对心理学领域有关荣耀感的研究做出了贡献。本文创造性地将荣耀感的研 究扩展到了企业管理中的高级管理人员,显著地提高了有关个体荣耀感受的理论与管理学 领域理论和实践运用的相关性。 Dissertation/Thesis

Contributors
Zhou, Jun, Tsui, Anne, Zhu, Hongquan, et al.
Created Date
2018

基于中国人口老龄化加速、目前人均医疗支出偏低和国内医疗器械企业以中低端产品 为主的局面,中国的医疗器械行业正面临着巨大的发展机遇,投融资活动将迎来爆发式增 长。 在此背景下, 医疗器械企业的估值研究对投融资双方都有较大的意义。 我们假设医疗器械公司的产品差异度对其公司的估值有正面影响。 产品差异度定义为:该产品区别于其他竞争性产品的独特性,由以下六个方面构成: 产品唯一性水平、先进性(器械类别、优秀国产医疗设备个数、产品的专利化程度)、利润 边际和其市场容量,并对此用 12 个指标做出了定量的估计。本研究主要的数据来源是上市 的医疗器械公司,因为这些公司的相关数据取得比较容易且数据客观性较强。我们使用一 般回归分析测量产品差异度与公司估值之间的关系。在得出正面的回归结果之后, 我们采 用双重差分分析(DID)方法,验证实际情形下新产品相关信息发布对公司股价波动的影响。 根据回归分析结果: 1、 “产生营收的产品唯一性水平”和“边际利润”与市值有显著相关性: 说明医疗器械 类企业确实是核心产品驱动发展的, 产品唯一性程度高(已剔除那些已逐渐被市场淘汰的 产品) 说明市场定价能力强, 边际利润率高,盈利能力强, 进而对公司估值形成正面影 响。 2、 “”净利润“和”“互联网概念”与市值也呈现显著相关性。净利润的相关性是显而易见 的。互联网概念的相关性体现了互联网+医疗成为近几年市场的风口。 iv 3、 其他一些指标未呈现明显的相关性,有可能是因为我们的数据量太少引起的, 也 有可能还有其他未在我们考虑范围内的因素导致的,也可能是因为中国目前的股票市场还 未到达半强式有效市场。这可能对其他行业的影响也是如此。 在后面进行的实证分析中, 除个别情况外,我们发现公司重磅新产品相关信息的发布 基本上对公司之后 1-30 个交易日的股价起到了较明显的推动作用。 关键词: 产品差异度 医疗器械行业 公司估值 Dissertation/Thesis

Contributors
Shen, Huifen, Chen, Pei-yu, Wang, Tan, et al.
Created Date
2018

摘要 当前中国农村集体经济呈现出后劲不足、区域失衡等问题。在此背景下,如何破解集体经济发展困境、实现其从梯度到均衡的演进成为学术领域关注的热点。本文梳理总结了国内外集体经济的相关研究成果,阐述了主要涉及的基础概念、理论和方法模型;以2008~2015年无锡市滨湖区92个村为研究样本,分析了该区域集体经济的发展现状和演变进程;构建面板回归模型,探索了该区域集体经济发展的驱动因素与分布不平衡性;并从空间关联视角切入,探索了驱动因素的溢出效应;最后基于研究结果提出对策建议。主要结论如下: (1)2008~2015年,92个村的村级集体经济发展整体呈现上升趋势,但地区间的贫富差距明显;2008年、2011年和2015年92个村按村级集体经济总收入可划分为高、中、低3类,并且在不同时段,各等级间的村级集体单位会相互迁移;集体经济收入呈现明显的右偏分布,尖峰厚尾的特征显著。随着时间的推移,集体经济发展出现了“双峰趋同”的现象。 (2)普通面板回归显示,物质资本、经济工作能力、科技进步对于村级集体经济发展有正向的依次减弱的影响,人口数量的影响为负;面板分位数回归显示,随着分位数水平的提高,物质资本系数先上升、后下降再上升;经济工作能力系数逐渐减小;人口规模系数先下降后上升;科技进步系数波动上升。 (3)空间计量结果显示,各变量对于村级集体经济发展具有一定的溢出效应,其中,物质资本的溢出效应为正(不显著),经济工作能力的溢出效应为正(显著),人口因素的溢出效应为负(不显著),科技进步的溢出效应为正(显著)。 本文的创新之处在于使用较难获取的2008-2015年92个村面板数据进行回归,相比于截面数据,更准确地测度了各要素对集体经济的真实影响;将空间关联因素纳入研究视域,探究了村级集体经济驱动因素的空间溢出效应。 Dissertation/Thesis

Contributors
Jin, Liang, Gu, Bin, Zhang, Anmin, et al.
Created Date
2019

本文选取当前在学界和业界关注度较高的“新三板”企业作为研究对象,从融资效率和融资偏好角度实证了新三板企业当前的运行状况,补充了资本结构和融资效率的研究文献。利用二元选择回归以及分位数回归方法,探究了内部融资、债务融资以及权益融资偏好的影响因素。本文发现:1)对于内部融资,企业资产负债率越低、经营能力越强、盈利能力越好、抵押品越少以及公司成长性高的企业更倾向于使用内部融资,资产负债率对内部融资的负面影响边际增大;2)对于债务融资,资产负债率越低、盈利能力越好、经营能力越强、抵押品越多、公司成长性高的企业更倾向于使用债务融资;3)对于权益融资,盈利能力较差、经营能力较弱的企业更倾向于使用权益融资,而资本结构以及公司成长性对权益融资没有影响。分位数回归也发现,盈利能力、现金状况、总资产周转率、资产流动性、非债务税盾、民营企业以及公司成长性等变量对权益融资的影响较为稳定,提示公司的特征变量对权益融资并没有明显的主导作用。在融资效率上,本文也发现:1)于2012年挂牌新三板的企业整体融资效率不高,DEA融资效率为有效的企业占比仅为10%左右;但融资效率在逐年持续改善,表现出一个较好的发展势头。并且,对于做市转让的企业来说,2014年由协议转让改为做市转让以后,融资相对有效的企业数量增长明显快于协议转让企业,表明采用做市转让的企业融资效率优于采用协议转让的企业。2)市场整体融资规模并未达到挂牌企业的需求,导致一半以上企业尚未达到最优的生产经营状态,仍需要资金来增加生产资料的投入,以扩大生产规模获取规模收益。对于做市转让的企业来说,在2014年由协议转让改为做市转让以后,规模报酬递增的企业数量占比下降更快,表明做市转让制度要比协议转让制度从融资效率角度更能满足新三板企业的融资需求。 Dissertation/Thesis

Contributors
Wu, Jintao, Pei, Ker-Wei, Li, Feng, et al.
Created Date
2019

财富管理是一个高度信息不对称的行业,因此投资人需要尽可能减少自身的不确定来做投资决策,通过文献整理,本文发现通过建立信任来消除不确定性是很多投资人都会选择的帮助投资决策的方法。纵观历史,美国2007-2008年的金融危机也恰恰导致金融市场投资人对于理财机构信任的严重缺失,相同的情况也可能发生在中国财富管理市场,因此本文将此选作研究重点,希望深入研究财富管理公司投资人对理财师的信任来得到一系列结论。本文最终发现就平台和理财师相比,投资人更看重平台的信誉度。 投资人大多认为平台的信誉度要高于理财师的信誉度,但是这并不意味着理财师不重要。本文进一步的分析发现,多数投资人会和理财师建立起一种私人联系,且该私人关系有助于加强客户和平台的联系。投资人认为行业经验、为人诚恳,说话可信以及责任心是加强这种私人关系的重要因素。最后,投资人对于钜派平台的信任主要由对于理财师的信任来维持,同时对于理财师的信任主要来自与情感信任。本文的发现对财富管理平台具有战略意义。 Dissertation/Thesis

Contributors
Wu, Qimin, Shen, Wei, Chang, Chun, et al.
Created Date
2019

摘要 在复杂多变的商业环境中,企业传统的人力资源管理已经难以应对日益频发的员工职业倦怠、人际间矛盾冲突、频繁跳槽等局面与问题。企业员工工作的价值与意义早已不再是传统的雇佣模式下,通过出卖劳动力或智力从而获得工资以实现“养家糊口”的目的那么单纯与简单,员工也希望通过辛勤的工作,以获得个体的幸福感、荣誉感与认同感等。对于现代企业的管理者而言,员工追求事业的提升、个人价值的实现,不仅体现在薪酬、福利待遇的提升,更重要的是员工个人的成长以及潜能和竞争力的提升。 随着组织行为学和心理学的不断发展与演变,与员工幸福感相关的研究备受关注。对现代企业而言,管理者借助制度设计对员工幸福积极管理,可以最大限度地发挥员工的积极性、主动性与创造性,实现员工与企业之间的利益相趋同,从而更为高效地实现组织的目标。基于此,本文以民营企业员工工作幸福感作为研究的切入点,借助理论分析、问卷调查和实证分析相结合的研究方法,系统深入地研究我国民营企业员工工作幸福感的构成、可控前因和绩效后果等问题。 本文研究发现: 第一,员工薪酬的提高有助于员工工作幸福感的提升,薪资对基层员工幸福感的影响显著高于其对高层员工幸福感的影响; 第二,完善的晋升机制对于中层员工而言更能提升其幸福感,完善的晋升机制更有利于中层员工; 第三,公平性的提高有助于提高员工工作幸福感,而且这种正效应更多体现在基层员工群体之中; 第四,高层员工更注重自我价值的实现,高层员工的工作挑战性越高,其自我实现需求获得的满足感则约高,但是对于基层员工和中层员工而言,其效果则恰恰相反,基础员工和高层员工更多地将工作挑战性和压力看作是一种负面的因素; 第五,员工幸福感的确会给企业带来正向的绩效。 本文的研究框架和实证结论不仅可以丰富学术界有关员工工作幸福感的研究,而且为企业管理者进行绩效管理以及员工工作质量的提升提供理论和实证借鉴。 Dissertation/Thesis

Contributors
Shu, Man, Shen, Wei, Wu, Fei, et al.
Created Date
2019

近年来,金融领域各行业采用和移动互联网技术相结合的方式,发展异常迅猛。金融科技率先催生了近4万家P2P网络借贷平台,这些平台在利用移动金融技术与主流传统银行竞争的过程中,占据了大量技术和市场优势。结合我国农村商业银行发展现状,如果农商行能够有效利用移动金融技术优势,则其运营成本或会降低,获客效率、服务多样性等或将得以有效提升,从而使其竞争力得以提高, 更好地服务农民、农村和农业经济。本文旨在系统地探究以手机银行APP为代表的移动金融科技对农商行行间竞争力影响。 本文搜集了全国84家农商行APP数据,定量地从业务覆盖范围、增值服务全面性、易用性、安全性、系统稳定性等五个维度对APP给出综合质量评分,并采用层次分析法给出各农商行竞争力排名。在系统地分析银行竞争力与其APP质量、发布时间、更新次数等相关关系后,总体发现APP质量对银行竞争力至关重要。具体地,排名下降的农商行的年均更新次数与排名变化正相关,也即年均更新次数越多的银行,排名上升越多;而对排名上升的农商行,年均更新次数与排名变化则呈现负相关。竞争力排名上升的农商行,其APP平均发布时间与排名变化呈正相关,而竞争力排名下降的农商行的平均发布时间与排名变化则呈负相关。 进一步地,基于《中国商业银行竞争力报告》中对农商行的排名,本文进一步分析了移动金融科技对不同规模的农商行竞争力排名影响。研究发现:对于资产规模较大(>1000亿元)的农商行,APP年平均更新次数较多的银行,往往竞争力排名有所提高。而对于中等及小资产规模的农商行而言,APP年平均更新次数较多的银行,往往竞争力排名有所下降。对于较大和较小规模的农商行,APP平均发布时间长反而会降低银行竞争力,而对于中等规模的农商行,较长的平均发布时间下,其竞争力会有所提高。 最后,针对本文定量的研究模型和实证数据,本文给出了具体研究结论及展望,并就如何提高农村商业银行竞争力,给出了建议方法以及相关政策性建议。 Dissertation/Thesis 农商银行App使用情况调查结果表 农商银行App财务、持续竞争力数据调查结果表

Contributors
Huang, Darong, Gu, Bin, Chen, Son-Nan, et al.
Created Date
2019

现今的理论研究及实践表明,供应链上各个企业进行协调运作的基础是节点企业间有效信息进行高效传递。但供应链上下游企业在合作过程中通常存在信息不完全对称现象、牛鞭效应等问题,供应链中信息传递的实时性及真实性受到较大影响,这也是导致供应链管理整体效率不高的原因之一。因此,供应链伙伴间信息共享问题已是国内外学者普遍关注的焦点。本文旨在针对目前我国家居供应链企业间信息沟通不畅、信息共享不充分的问题及其理论研究的不足,来开展针对影响家居供应链企业间信息共享因素的实证研究。本文基于家居供应链这一特殊的行业供应链,建立基于家居供应链企业间信息共享关键影响因素理论模型,通过实证方法来寻找影响供应链企业间信息共享的关键因素及其具体影响程度。 在已有文献的基础上,本文提出信任、共同愿景、信息技术能力、渠道权力结构与信息共享间影响关系的概念模型,并对长三角及珠三角地区家居供应链经销商企业进行问卷调查研究。最后在回收的 164 份有效问卷基础上通过数据分析来验证假设。研究结果显示:(1)不论是家居工厂与经销商间还是家居卖场与经销商间,信任对共享信息的内容和质量都有显著正向影响。(2)家居工厂与经销商间的共同愿景对彼此间信息共享内容有显著正向影响作用,但对信息共享质量作用不明显。而家居卖场与经销商间的共同愿景对信息共享的内容和质量都有正向影响作用。(3)经销商的信息技术能力对双方间信息共享的内容和质量都有显著影响,同时,还能促进家居工厂与经销商之间的信任,间接影响双方的信息共享程度。(4) 家居卖场与经销商间的渠道权力对双方间的信任程度有显著影响,而对双方间的信息共享没有直接影响。 本研究主要研究贡献在于:发现影响家居供应链信息共享的关键因素,弥补了现有文献对中国供应链企业信息共享影响因素研究的不足,特别聚焦于家居供应链;从供应链上下游整体角度出发,探讨了中国情境下信任、共同愿景、信息技术能力和渠道权力结构与信息共享之间的作用机理。 Dissertation/Thesis

Contributors
Yang, Yu, Gu, Bin, Chen, Xinlei, et al.
Created Date
2019

当前各个城市都在努力推动“互联网+政务”的公共服务新模式,打造政府公共服务平台,提供“一站式”的服务资源,以民众需求为中心,解决民众信息查询、政府办事预约、政策咨询等公共活动的需要。可以看出,政务平台给民众的生活带来极大的便利,是当前各地政府响应中央建立“智慧城市”“数字中国”的重要举措。 本课题发现当前的政务平台逐步引入PPP模式,借助社会资源开发政务平台。但是,PPP模式是否有利于政务平台的建设,受到哪些因素的制约,如何更好地利用PPP模式进行开发工作,这些问题在现前的研究中没有得到很好地探索。带着这些问题,本课题对PPP模式在政务平台建设中的作用进行了深入剖析。主要研究内容如下: 在第一部分中,本课题政府公共服务和政务相关理论进行了全面整理,发现政务平台要想走出一条健康发展之路,需要借助社会资源进行市场化,而PPP模式符合当前政务平台建设的需要。本文对PPP模式在国内外电子政务的应用进行了分析,提出了本文的研究主题。 在第二部分中,本文对华东地区50座城市的政务平台进行了调研,对常见问题进行了整理,发现PPP模式已经广泛应用于政务平台建设中,且主要有四种模式,本文对50座城市的政务平台建设情况进行了数据采集,并进行了深入分析。 在第三部分中,结合调研现状和文献研究成果,提出了PPP模式影响政务平台建设的相关假设,并构建了计量模型。通过短面板分析验证假设,并进行了Robust分析,证实结论的普适性。 在第四部分中,本文分析了研究结果,认为政务平台采用PPP模式能够有效促进政务平台的建设水平,提高用户满意度;并且PPP模式与合作企业的估摸、信息的透明程度和平台的交互能力存在显著的交互作用,共同影响用户对政务平台的评价。政府引入PPP模式,充分对接可利用资源,并加强盈利控制,对当前政务平台的建设是具有积极意义的。 Dissertation/Thesis

Contributors
Zhao, Liang, Pei, Ker-Wei, Chen, Xinlei, et al.
Created Date
2019

当前,上市公司的盈余管理问题已是我国资本市场中普遍存在的突出问题。一般来说,一些企业为了满足资本市场对于上市、增发等条件的要求,以及为有效推动企业的并购、重组等行为的顺利实现,甚至为了谋求公司管理层的个别利益,往往运用盈余管理等举措实施公司财报及关键指标的粉饰修正,让不知情的股民蒙受一定的损失。普遍分析显示,我国股市中民营企业比其他企业遭遇的问题和压力更多、更大、更突出,因此民营企业从客观上来说拥有更强的盈余管理动机。而从当前我国资本市场的实际情况来看,我国相关专家学者对盈余管理的系统性深入研究,一般都瞄准了上市企业群体或持续亏损企业,对盈余管理的研究不系统、不全面、不深入,这将对我国进一步提升盈余管理监管水平构成一定不利影响。当前,由于我国民企在自身管理及发展动力方面的特殊性,我国民企的管理、盈余管理特点和国外上市公司还存在着很大的不同,进一步深入研究我国民企上市公司自身管理方面的突出特点,以及其对企业盈余管理等方面的深层次影响,有助于监管层对症下药,更有针对性地研究出台全新的监管措施,进一步提升管理水平。这还可以为公司发展的决策层及相关会计信息使用人员提供一定的决策参考, 因此其拥有十分重要的意义。 本文首先认真总结分析了有关上市企业治理结构和盈余管理等方面的历史文献资料,依托当前资本市场上普遍运用的委托代理、内部人控制和契约等理论,系统研究了我国民企上市公司在自身治理结构方面的突出特征以及其对盈余管理方面所构成影响的深层次原理。在此基础上,本文通过2015-2017年我国上市企业数据,基于截面Jones模型对民营企业和非民营企业盈余管理程度进行测算和比较分析,发现民营企业盈余管理程度更高;从四个层面系统研究民企公司自身的治理结构突出特点,设立回归模型论证了民营企业独特的公司治理结构特征对盈余管理程度确实会产生影响;最后,本文进一步利用修正的费尔萨姆一奥尔森估价模型对民营上市公司盈余管理有公司价值的关系进行了验证,发现两者具有显著相关性。 Dissertation/Thesis

Contributors
Chen, Hui, Shen, Wei, Chang, Chun, et al.
Created Date
2019

中国商品期货市场经历30年发展,已初备协调资源分配、对冲经营风险的功能。但受产业自身和期货市场发展的制约,各期货品种市场有效性参差不齐。随着我国经济从增量阶段过渡到存量阶段,期货作为企业的价格管理和风险控制工具的重要性日益凸显,因此研究我国商品期货市场有效性具有非常好的现实意义。 本文开创性的从期货的基本功能——资源配置的角度出发,提出有效市场是指其期货价格能够对本行业社会资源起到合理的调配作用的市场。在内容安排上,本文首先总结了现有国际成熟期货品种的特点并找出能够反映期货对资源配置能力的四个指标假说,分别为期现回归性、利润波动性、库存波动性以及现金流变化,然后通过数学模型证明指标数据和品种成熟度的关联,最后应用该套指标对我国商品市场有效性进行检验。数学方法上,本文先采用Bai-Perron内生多重结构突变模型对时间序列进行突变点检验,然后对断点时间序列分别进行多元回归,并在剔除季节性和周期性后,通过平稳性检验、ARCH效应检验结果来确定相应的Garch模型,并用Garch模型来描述时间序列的波动性。 通过数学验证,我们认为期现回归性、利润波动性、库存波动性以及现金流变化这四个指标可以作为反映期货成熟度的检验指标,用该套方法对国内部分活跃品种检验后发现大连豆粕期货已经具备成熟品种的特征,本文认为豆粕期货市场是有效的;PTA、玉米淀粉期货的四个检验指标在近年来表现出时间序列优化的特点,但因时间较短尚不稳定,可以认为是接近成熟的品种;而螺纹钢和铝期货在多数指标上表现不佳,表明他们对社会资源配置能力较差,因此本文认为螺纹钢和铝期货市场是活跃但非有效的。通过进一步分析,本文认为品种的期现回归性差是制约其资源配置能力发挥的关键因素,而交易标的不明确、 仓单制作难度大、产业参与度低以及期货设计中的其他限制因素又是导致期现回归性差的重要原因。 Dissertation/Thesis

Contributors
Wang, Ping, Gu, Bin, Li, Feng, et al.
Created Date
2019

中国律师制度自“文化大革命”结束后恢复至今,已有近四十年。中国律师行业伴随着中国改革开放的进程,得到了飞速的发展,当然,同时也面临着诸多的问题。重要的问题之一便是,中国律师事务所采用“加盟制合伙人”模式和采用“权益制合伙人”模式之争。本文试图从回顾企业边界的三大理论出发,提出“加盟制合伙人”模式和 “权益制合伙人”模式与合伙人律师的业务专业化程度、业务复杂化程度以及大客户和律师事务所规模关系的四个假设,通过实证分析的方式,试图以企业边界三大理论解释前述四个假设中的关系,并以此期望对律师行业的发展有所启发。 Dissertation/Thesis

Contributors
Chu, Xiaoqing, Pei, Ker-Wei, Cheng, Shijun, et al.
Created Date
2019

中国水环境行业当前正处在以质量驱动、效率提升为主导的发展阶段,为积极响应国家政策以及环境发展导向,平衡公众日益增长的公共品需求同公共品短缺、低效之间的矛盾,抓住市场发展机遇,提高企业市场竞争中的核心能力,水环境行业必须要明确资本驱动、效率导向、服务标准提高要求下的价值流方向,加快行业发展动力的创新改革。因此,本文立足政府充分授权下的水环境企业战略联盟模式(具体体现为BOT模式)影响因素研究,包括如下几部分内容: 第一,界定政府充分授权下水环境企业战略联盟内涵,分析其形成的理论基础、水环境企业战略联盟的类型、发展差异性及战略联盟动因。通过梳理战略联盟理论国内外研究现状回顾及评述,提出政府充分授权下水环境企业战略联盟模式研究的主要问题。 第二,探索政府充分授权下水环境企业战略联盟模式的影响因素。通过对水环境基础设施战略联盟项目合同关键内容的深入分析,识别出政府充分授权下水环境企业战略联盟模式的关键影响因素。 第三,实证分析各关键因素对政府充分授权下水环境企业战略联盟模式效果的影响。运用回归分析方法对项目规模、政府政策、监督管理、激励机制、风险分配和投资回报对联盟模式效果的影响进行实证检验,验证了各影响因素对政府充分授权下水环境企业战略联盟模式效果的正向作用。 最后,对政府充分授权下水环境企业战略联盟模式影响因素及作用研究的结论进行总结。 Dissertation/Thesis

Contributors
Li, Zhensheng, Pei, Ker-Wei, Yu, Xiaoyun, et al.
Created Date
2019

理性决策理论基于“完全理性”假定,追求帕累托最优即个体的利益最大化。但是实际决策过程中,人的行为具备“有意识的理性,但这种理性又是有限的”,投资者也是并不是完全理性、同质的。海外投资也是如此,其背景特征诸如地域、性格、年龄、财富等特征都会对海外投资决策产生重大的影响,其程度大小势必也会因投资者背景特征的差异有所不同。考虑到投资者风险偏好与海外投资活动的关系鲜有文献涉及,笔者愿意做“第一个吃螃蟹的人”,选取该视角展开论述。 本文首先对前人的研究进行总结,概述了风险偏好的理论和偏好水平的度量办法,并总结了风险偏好对海外投资影响的理论基础,即决策理论和有限理性与行为经济学理论,为本文的研究奠定了坚实的理论基础。 其次,开展了问卷调查,对小城市城镇人群、二三线大城市人群、一线大城市人群、海外华人群体等不同地域的25-60岁之间的人群作为调查对象,回收了有效问卷3748份,并就问卷结果进行了描述性分析。发现跨地域人群有着不同的投资需求,小城市城镇人群整体来说对于海外投资需求较低;二三线大城市人群对海外投资不抗拒且具备一定研究和分析能力;一线大城市人群26%已考虑移民或大量海外投资,对海外投资产品有很强的分析能力;海外华人群体38%已考虑移民或大量海外投资,对于各类海外投资产品的接触机会很多。 再次,本文对风险偏好水平进行综合评价和度量。在此基础上,设定了研究变量和研究模型,采用回归分析的方法,对跨地域人群风险偏好、跨地域人群风险偏好对海外投资影响两块进行了实证分析,并验证了相关假设。本文认为,跨地域人群具有较为明显的风险偏好,其中一线城市人群风险偏好最高,高于海外华人群体,高于二三线大城市人群和小城市城镇人群。基于教育水平、财富程度和信息获取的风险偏好对海外投资影响的实证分析结果显示,风险偏好越高的区域,海外投资总额越多。充分验证了跨地域人群不同的风险偏好,以及风险偏好对海外投资的显著正向影响关系。最后,本文针对实证结果提出了相应的对策建议。 Dissertation/Thesis

Contributors
Wan, Jianyin, Chen, Pei-Yu, Wu, Fei, et al.
Created Date
2019

本文采用2010年1月1日至2017年12月31日在香港主板IPO上市的共574家公司作为研究样本,系统采集包括与发行人、承销商、投资人、发行热度、市场每日交易数据等相关的数据近100项,对超额配售选择权在香港IPO中的实际效用进行实证研究,研究发现:1)超额配售选择的确可以起到提高发行价格,降低IPO抑价率的作用,但是同时也是破发的主要原因。2)由超额配售选择权赋予承销商稳价行为中,市场买入量越大,最大回撤越大,市场下跌风险越大同时超额配售选择权还导致了最大回撤日的推后,增大了稳价结束后的市场风险,而这很有可能是由于承销商追求更高利益造成的。3)没有证据显示,超额配售选择权会降低承销商的佣金比例,但是,超额配售选择权却为承销商带来非常高的额外收益,而这个收益与市场下跌幅度和承销商从市场购买股份的比例直接相关。 其中,本文首次对最大回撤率、最大回撤日与承销商市场买入量之间的关系进行实证研究,揭示了承销商市场买入量与承销商收益正相关,与最大回撤率负相关,与最大回撤日正相关的关系,可能是增加市场下跌风险的因素。这与现有理论中及监管机构的预期中,“超额配售选择权具有向上稳定价格的作用”是有一定偏差的。 根据研究结果,本文首先建议发行人要客观对待超额配售选择权提升发行价格的作用,以免引起破发。其次建议市场投资人要客观认识超额配售选择权的作用,不要由于超额配售选择权的存在给与发行过高的认同价格。再次建议发行人要能够认识到超额配售选择权是承销商零成本获得的一个有固定收益保障的看空期权,是承销商在承销IPO时的收益之一,而股价下跌幅度与承销商的收益正相关。因此要对承销商的稳价行为进行一定管控,同时可以因为超额配售选择权的存在而要求更低的承销佣金比例。最后建议承销商要维护市场公平,爱护自己的声誉,尽可能避免因超额配售选择权的使用对市场造成不应有的干扰。 Dissertation/Thesis

Contributors
Xie, Hui, Gu, Bin, Yan, Hong, et al.
Created Date
2019

中医药是中华文明的瑰宝,中药材是中医药文化和产业的核心。随着近年来国家相关政策出台,中药材产业的发展备受瞩目。由于中药材产业链条长,层级多,各层级间信息不对称,因而中药材市场普遍具有“假”、“乱”、“杂”的问题。 A公司的中药材全产业链服务商模式,通过对上游各主要专营商的整合,形成一定的平台综合集采能力,并开始得到下游医药厂家、药店认可,在市场逐步形成品牌号召力。本文实证研究A公司商业模式的转型对中药材市场价格的影响,进而分析中药材全产业链服务商模式在中药材行业健康发展中所发挥的积极作用。研究结果表明,上下游产销结合的中药材全产业链服务商模式,只有在形成一定收购规模,对市场价格产生一定影响的时候,才能充分释放药材质量的信号,润滑药材交易市场,提高收购价格,增加市场波动率,发挥价格发现作用。由于中药材市场的信息不对称程度较高,如果产销结合模式仍处于初级开创阶段,产销结合模式释放的药材质量信号则不足以全面改善信息不对称的状况。 Dissertation/Thesis

Contributors
Yin, Xiaowei, Shen, Wei, Yan, Hong, et al.
Created Date
2019

本论文研究的目的是针对银行卡跨境支付行为,根据不同的跨境支付渠道,结合资金清算的不同模式下的资金清算效率进行研究,并对现有清算系统内,运用理论和模型,对如何提高银行卡跨境资金清算进行阐述分析,力图在现有跨境资金清算金融设施的基础上,对银行卡跨境资金清算的流动性管理、头寸控制、增加清算周期等因素进行研究分析,进而尝试提出清算机制和流程的优化设计,以促进跨境资金提高周转效率,节约社会交易成本和持卡人资金成本。 论文将对相关银行卡跨境支付、清算基本流程、涉及的相关系统进行说明,并对全球和世界主要国家的银行卡市场进行介绍,结合我国银行卡跨境业务的现状、跨境支付清算涉及的主要环节、清算系统,通过不同层次、不同模型的分类比对,提出提高银行卡跨境支付资金清算的关键节点,并加以聚焦、深入测算、推导。研究的最终目的是期望通过对以上的分析,能够对银行卡资金清算参与主体对清算模式的选择、流动性节约、头寸管理等有所帮助,让清算主体能籍此对支付通道、清算模式、账户管理等选择上有所参考,促进卡组织(支付系统)籍此提高清算效率,从而降低整体交易和资金成本,提高支付行业整体资金资源的使用效率。 Dissertation/Thesis

Contributors
Zhao, Jinxing, Gu, Bin, Zhang, Anmin, et al.
Created Date
2019

近些年来,我国城市化进程不断加快,到2020年我国常住人口城镇化率将达到60%左右,户籍人口城镇化率将会达到45%左右。伴随着我国城市化进程的高速推进以及经济水平的不断提高,公共物品及服务的需求程度加大,政府单独出资建设公共项目会导致资金不足、经营管理效率低下等问题。与此同时,我国当前不同层级地方政府的政府性债务都达到了一个非常高的水平,截至2017年末,中国地方政府债务16.47万亿元,债务率(债务余额/综合财力)为76.5%,其中地方负有偿还责任的债务约12.9万亿,地方政府性债务的控制和转化成为经济新常态下重要特征之一。在地方债务压力较大的情况下,PPP将替代土地财政和地方政府融资,为我国新型城镇化建设提供可持续的资金支持,PPP模式成为当前城市建设领域融资的重要选项。 据此,本文基于实证研究方法探讨在债务约束的背景下,在地方政府债务约束下,PPP模式的引入,对城市规划中建设用地面积、人口规划规模与容量、建设用地属性等的城市规划变量的影响;与此同时,考虑到地方政府的政策很大程度上受到是由地方官员,特别是受到作为地方政府党政“一把手”的市委书记和市长的晋升压力和激励的影响,讨论市委书记/市长的晋升压力和激励对PPP模式引入效果的影响。研究发现,在地方政府债务约束下,PPP模式的引入,显著增加城市规划中建设用地面积、人口规划规模与容量、建设用地属性等的城市规划变量;同时,地方政府官员存在利用PPP放大城市建设和规划规模的行为,反映了PPP项目在引入和使用的过程中很大程度上受政府官员的激励的影响。 Dissertation/Thesis

Contributors
Xu, Ke, Chen, Pei-yu, Zhu, Qigui, et al.
Created Date
2019

本研究旨在讨论融资租赁公司与承租的中小企之间的匹配因素。研究从融资租赁的实际业务流程切入,研究1对H公司进行了案例分析,得到基本的影响因素结果,继而研究2和研究3分别在中小企客户和融资租赁公司两类资料中独立展开分析,并比较这些因素的影响程度。研究结果发现了影响双向匹配的四个维度,以及在各自影响力的不同。研究最后分别对融资租赁公司和承租中小企提出了建议,以期提高双方匹配并达成业务的概率。 Dissertation/Thesis

Contributors
Wang, Dinghui, Pei, Ker-Wei, Yan, Hong, et al.
Created Date
2019

随着中国经济过去30多年的高速发展,出现了一大批的高收入人群,他们更注重生活的品质,如追求自然、简约、低调的休闲生活方式,更看重健康生活、自身的身心修养,和提高自身修养的内涵式生活,以及注重子女的内涵气质教育。 同时,具有很强烈地获得心理认同的需求,参加各种以消费和交往为媒介和主体活动的社群或“社交圈子”,在心理和情感上自我获得与其在财富、生活方式以及生活品位等诸方面都类似的群体间的身份认同感和归属感;更看着与其社会阶层相匹配的身份地位、社交人脉、兴趣爱好等。 因此,从运营的角度来看,如何增加上述这些高净值人群对高净值社群的归属感,进而提高其对高净值社群的忠诚度,是高净值社群进一步可持续经营和发展的基石。本研究以上海嘉庭俱乐部为例,在对问卷调查的基础上,通过实证研究,探讨影响高净值社群归属感与忠诚度的关键因素,高净值社群中会员的归属感与忠诚度的关系,会员生活型态的差异使得归属感与忠诚度的影响关系呈现显著的不同。 实证研究表明,“时尚流行”会员较为理性,其更注重休闲风尚;而“优雅休闲与享受尊荣”的会员则偏感性,其相当注重心灵感受与宁静舒适的感觉,强调全家共享以及纯封闭式的会员享受,能够更多地认识到与个人品味和品位相同的人,如对生活品质的追求、价值观、子女教育等;内心更开放、所接受教育程度更高的家庭,在嘉庭会感受到的归属感意识更高、其忠诚度也更高。 Dissertation/Thesis

Contributors
Li, Hailin, Gu, Bin, Chen, Xinlei, et al.
Created Date
2019

中国证券市场一直存在着双重上市公司A、H股价差异现象,这一“同股同权不同价”的现象,长期以来都是国内外学者热议的课题之一。 本文在系统性整理前人研究成果基础上,首先对造成A、H股价差效应的内在逻辑进行了系统梳理,提炼出影响双重上市公司A、H股价格差异的9个潜在因素:信息不对称、需求差异、流动性差异、投机性差异、风险差异、公司治理结构、利率差异、市场强弱差异、汇率预期。其次,本文为各潜在影响因素构建了新的代理变量,建立面板数据模型,从全市场和行业两大视角做了实证分析,验证了影响双重上市公司A、H股价格差异的可能因素,且实证结果均通过了平稳性检验。实证结果显示:全市场视角下,仅公司治理结构和市场强弱差异对A、H价格差异的影响不显著。行业视角下,对于金融行业的双重上市公司而言,影响其A、H股价格差异的因素包括:需求差异、流动性差异、风险差异、市场强弱差异、利率差异;信息不对称、投机性差异、公司治理结构、汇率预期不具有显著影响。而对于非金融行业的双重上市公司而言,影响其A、H股价格差异的因素包括:信息不对称、需求差异、流动性差异、风险差异、投机性差异、市场强弱差异、利率差异、汇率预期;公司治理结构则不是显著的影响因素。 本文在实证分析所得结论的基础上,考虑到当前A、H股市场的现状,提出了加强资本市场双向开放、大力发展以基金为代表的机构投资者、坚定推行股票发行注册制改革、推动金融创新、丰富投资工具等建议。这一研究结果对于推动我国资本市场进一步完善,具有重要的理论与现实意义。 Dissertation/Thesis

Contributors
Wang, Huan, Zhu, Hongquan, Li, Feng, et al.
Created Date
2019

航天产业属于技术密集型行业,现阶段中国航天的发展需要巨额资金和科研人力资本。传统航天企业内员工相较商业航天企业缺乏创新精神,“搭便车”现象严重,缺乏以创新为内在增长动力的传统航天产业,其发展持续性终究得不到满足。相比而言,国内外的商业航天企业却展现出较强的创新能力。遗憾的是,虽然航天产业的高科技属性决定了科研人员的关键角色,但目前的研究几乎没有系统地研究过不同的体制对航天产业创新的影响机制,而有限的研究也集中在讨论宏观环境对行业创新的影响。本研究将弥补这方面研究的不足,分析传统航天模式与新兴商业航天模式下科研人员创新力差别的内在动因,力求给传统航天产业的发展提供有实际意义的参考和建议。 作者自2008年加入传统航天院所从事科研工作,2014年创立中国第一家商业卫星公司,在实践中充分利用面试知识型员工的机会,并深入访谈了不同职级的科研人员,覆盖了30家商业航天公司(截至2016年上市公司54家),包括来自中国传统航天的科研院所、直属航天企业及新兴商业航天公司300余人。通过多次沟通、邮件往来等方式进一步调查研究,发现不同所有制公司的员工在组织认同度方面存在较为明显的差异。为了系统科学地理解组织认同度在航天行业内如何影响不同体制下的科研人员的创新,本研究采用问卷调查的形式收集了1200份问卷,研究在传统航天及商业航天这两种不同所有制的航天企业中,组织认同度与科研人员创新能力的关系。从实证结果来看,航天产业员工组织认同度会显著影响员工的创新绩效,组织认同度越高的员工其创新能力往往更强,员工创新绩效越高。与此同时,通过进一步研究分析发现,航天产业公司所有权属性的差异在组织认同影响员工创新能力的过程中起着调节作用。具体而言,传统航天企业中的员工,其组织认同度对其员工创新能力影响更小,商业航天公司员工创新能力受到其组织认同度的影响相对较大。 研究结果从某种程度上反映了航天领域不同所有权属性企业所具有的不同的组织文化、组织价值观与组织结构会导致其员工个体组织认同度对其创新行为的影响产生差异。从组织文化的角度出发,商业航天企业其组织文化相对于传统航天企业而言更加自由,对员工创意、创新行为限制更少,这种自由的文化刺激并提高了员工的组织认同度,使得个体创新行为的效果更加显著。另外,从组织价值观的角度而言,商业航天企业员工相对于传统航天企业员工来讲更加看重创新行为的意义,其对员工创新行为的重视使其员工组织认同度对员工取得创新绩效产生了催化作用。最后,从组织结构的角度来看,商业航天企业其管理层相对而言往往更愿意接受企业中员工的创意与创新行为,给员工留下了相当大的创新空间,这种灵活的管理方式从某种程度上也会促进组织认同度对员工创新行为产生影响。 Dissertation/Thesis

Contributors
Wang, Yang, Zhu, Hongquan, Zhang, Anmin, et al.
Created Date
2019

In an interview with the composer Liu Yintong, she shared her thoughts regarding her inspiration to compose the duet Memorial II. Liu studied under Chen Yi, who is a leading female contemporary composer. She has won many honors and awards worldwide, in addition to performing with major symphonies and musicians, including Yo-Yo Ma, Evelyn Glennie, the Cleveland Orchestra, the British Broadcasting Company (BBC), and Los Angeles Philharmonic. Chen Yi’s Percussion Concerto combines Eastern and Western music styles and also includes Chinese poetry, and elements of Beijing opera. Similarly, Liu uses Chinese poetry and elements of Hebei opera in Memorial II. …

Contributors
Guo, Wei, Landschoot, Tom, Solis, Ted, et al.
Created Date
2019

近20年,中国品牌零售业的快速发展使其成为全球第三大零售市场。消费者的需求量在大幅增长,对于本土企业来说,机遇与挑战并存。 对于连锁型品牌零售企业,员工是其产品和服务的载体。而如何做好不同层次的人员的激励体系,并得以踏实的落实和执行,是企业经营中非常关键的环节,也是品牌零售企业在竞争中获取优势的根本保证。另外,由于连锁零售企业基层员工流动性大、总体素质较低,如何对这部分员工实施有效的绩效考核,成为很多连锁零售企业管理人员面临的一个难题。 本文将长期和短期激励作为主要的研究内容。从整体国内企业来看,运转良好的绩效考评体系并不多,大部分企业的绩效考评体系只注重短期激励而忽视了长期激励的作用,绩效考评关注的是目标的实现,与员工的发展相脱节。因此,如何做好品牌企业的激励体系,如何在人才竞争中取得先机,并最大化企业利润,是本文研究的重心。 目前的研究空白在于对连锁型店铺的激励绩效。而考虑到品牌零售中的连锁经营往往涉及到成百上千家门店,涉及到的从业人数较多,因而对门店的激励绩效的成败是关系到企业整体激励绩效好坏的关键。 本文对激励绩效方案的相关理论进行回顾、分析与总结,从委托代理理论、激励理论、交易成本理论和产权理论入手,分析连锁型品牌零售企业的激励绩效特点。连锁型品牌零售企业合伙制本质上与特许经营精神及设计理念一致,而想要改进的正是特许经营中加盟店与总部的博弈与消耗,形成利益共同体,达到企业价值最大化的目标。 通过连锁型品牌零售企业绩效激励的真实案例(永辉超市合伙人制度、拉夏贝尔店铺合伙人制度、康奈零投入型与交股金型两种店铺合伙人制度)分析得出风险共担、超额利润分成的合伙人制度在连锁型品牌零售企业激励绩效方案设计中的可行性及意义,并从中发现了已有实践存在的问题,并提出建议。 店铺合伙人制度激励店长、提高单店销售业绩、减少交易成本、提高管理效率的正向作用毋庸置疑,建议在实践中积极推行与完善。 Dissertation/Thesis

Contributors
Zheng, Laili, Pei, Ker-Wi, Chen, Xinlei, et al.
Created Date
2019

冷链物流主要是指食品在生产到消费者食用前始终处于适宜的温度环境,以保障食品品质、降低流通过程中的损耗。冷链物流相比于传统物流而言是一项更复杂的系统性工程,受到政策和市场需求的影响呈现迅猛发展态势。但是,冷链物流企业长期以来因规模小、固定资产少、服务范围窄、服务规范性弱而发展困难重重,核心问题是资金的问题。政府引导和鼓励打造冷链物流产业园,推动产业园投资和建设主体打造平台,实现对园区内冷链企业的聚集效应并通过金融服务解决企业发展的资金问题。通过产融结合助力冷链物流企业发展,成为目前冷链物流行业发展的主要方式和未来趋势。 本研究聚焦冷链物流产业园金融服务助力冷链物流企业发展问题,主要研究内容包括:第一,基于产融结合理论,梳理冷链物流企业与产业园之间关系,从供需两侧探索冷链物流企业和产业园的金融服务的范围、类型和特点。第二,基于平台理论,构建冷链物流企业采纳产业园金融服务的研究模型,探索金融服务影响冷链物流企业的经营因素,分析冷链物流企业采纳产业园金融服务的因素和途径。第三,基于信息不对称理论,关切信息技术支持和知识分享在冷链物流企业采纳产业园提供金融服务过程中的调节作用。同时,梳理产业园提供金融服务可能面临哪些风险,制订冷链物流企业入驻园区的标准,防范风险。 本文运用实证研究方法,通过对国内18家冷链物流相关的产业园、物流园、冷链物流、商贸流通、金融等企业实地考察和专家访谈基础上,拟定问卷并对268家企业进行调查收集数据,使用结构方程模型进行假设检验。研究发现:金融服务的有形性、可靠性、移情性、经济性对冷链物流企业采纳产业园金融服务影响显著,而响应性的影响不显著。同时 信息技术支持和知识共享的调节作用不显著。最后,针对产业园吸引冷链物流企业提供金融服务、冷链物流企业采纳产业园金融服务的风险,提出防范策略措施。 Dissertation/Thesis

Contributors
Yang, Su, Shen, Wei, Chen, Xinlei, et al.
Created Date
2019

中国改革开放40年,全国人民整体生活水平提升,家用轿车已经全面普及,医疗及需求的提升,导致医院停车空间严重欠缺。而智能立体停车设备,可以采用零星用地,解决医院停车难题。 建设领域常用的融资手段,在智能停车位建设上尚不能完全适应,本文的智能停车位建设在医院,受土地性质的限制,在融资方面受到的限制也比较多。因而本文围绕以医院建设智能停车位的资金需求而展开的融资方案研究,采用实地研究中的案例研究方法,案例研究自变量中,2016年2月-2017年12月,耗时20个月,以上海的107家医院62个融资需求的智能停车位的收益稳定性、建设批量、建设速度、收益权期限、建设投入、运营收入、运营支出及智能停车设备建成后的综合收益做充分的研究统计分析;案例研究因变量中,2016年10月-2017年12月,耗时14个月,对145家金融机构、210位机构负责人,诸如银行、信托、基金、保理、融资租赁、资产管理、小额贷款、消费金融、私募、ABS、保险、融资担保、融资中介、风险投资、证券等多个机构的风控标准要素如增信要求、担保条件、合作模式、放款额度、资金期限、资金成本、投资方案、融资费用、放款速度等多个投资条件实施访谈研究统计分析,总结提炼对照假设获得对应的高匹配程度的多种组合融资方案,高度优化了B-Park公司的初始融资方案。 本文一个主要的研究结论是:医院智能停车项目可以采取单一融资模式,也可以采取集成融资模式,揭示了在新的环境创新科技金融领域的融资方案。此外,项目的投资收益表现对收费价格很敏感,但是对资金成本(年利率)不是很敏感。结果表明,在新的环境下, 科技金融领域的融资方案得到了创新。这是一篇典型的生产、教学和研究论文,为我国停车建设融资需求的快速发展,特别是医院停车建设融资需求提供了较高的研究参考。 Dissertation/Thesis

Contributors
Lin, Fengbing, Yin, Rui, Zhang, Anmin, et al.
Created Date
2019

法律职业全球化作为经济全球化的必然产物,在近二十年来不断受到法律职业社会学者的广泛关注及探讨。中国改革开放四十年中国法律职业得以蓬勃发展,却很少学者研究探讨中国法律职业全球化。在中国企业“走出去”和“一带一路”倡议的背景下,新技术创新特别是人工智能、大数据等浪潮不断冲击着法律职业,给中国法律职业全球化发展带来机遇和挑战。本文拟阐述法律职业发展及其全球化理论,并以比较法视角探索研究不同司法管辖区如美国、英国以及印度等国法律职业全球化经验和启示,考察现有国际律师事务所以及“四大”法律服务全球化的发展历程,并且探新技术的创新是如何改变法律职业、重塑全球法律服务业的格局,通过分析和借鉴法律职业的国际经验、经济学原理和变革趋势探讨中国法律职业改革开放及全球化的模式和路径,并提出相关政策建议 Dissertation/Thesis

Contributors
Chen, Gui, Gu, Bin, Zhu, Ning, et al.
Created Date
2019

企业并购是经济管理领域长盛不衰的研究话题,也是企业高投资与高风险并行的战略举措。并购后对品牌进行有效整合是实现并购价值的重要过程,只有对并购后的品牌进行整合,才能使并购取得应有的并购协同效应。在消费者导向意识不断深化,服务导向逐渐成为服务行业的主流导向的背景下,研究品牌并购中消费者感知及其忠诚显得尤为重要。企业并购过程中面临的风险与挑战之一就是消费者未必对商家的品牌并购行为买账,消费者忠诚受到影响。尽管已有学者提出品牌并购的企业更应关注消费者及其忠诚,但目前从消费者感知角度研究企业或品牌并购行为的研究较少。为了揭示消费者感知品牌并购的过程,探究品牌并购是否及如何影响消费者感知及忠诚,本文基于深度访谈法与情境下问卷调查法分析了消费者对品牌并购的感知及结果,并设计两项研究:研究一在理论分析与前人研究基础上,通过对消费者的深度访谈,确立了消费者感知的品牌并购价值的四个维度,分别为品牌联想、产品联想、组织联想与人员服务品质,并在借鉴前人研究结合本研究的具体背景,得出消费者感知的品牌并购价值的测量条目。研究二通过情境模拟下的问卷调查法,检验了消费者感知品牌并购价值、感知质量、感知价值、品牌忠诚、产品涉入以及品牌知名度之间的关系。在此基础上,本文对L教育集团在实践运营过程中的品牌并购案例进行详细分析,发现了L教育集团发起品牌并购的原因以及并购过程中存在的问题和改进建议。 研究结果显示:(1)消费者感知的品牌并购价值的四个维度分别为品牌联想、产品联想、组织联想与人员服务品质;(2)消费者感知品牌并购价值与感知质量有显著正相关关系,表明消费者感知品牌并购价值能够提高消费者的感知质量;(3)消费者感知质量对其感知价值有显著的正向影响,表明感知质量正向预测消费者的感知价值水平;(4)消费者感知质量对其品牌忠诚有显著的积极作用;(5)消费者感知品牌并购价值与消费者感知价值存在显著的正相关关系;(6)消费者感知品牌并购价值对消费者品牌忠诚的路径系数达到显著性水平;(7)消费者感知质量在感知并购价值与感知价值、品牌忠诚之间起部分中介作用;(8)产品涉入与品牌知名度在消费者感知并购价值与感知质量的关系之间起调节作用。 Dissertation/Thesis

Contributors
Han, Liqing, Pei, Ker-wei, Zhang, Anmin, et al.
Created Date
2019